D4 is back with a cute, little signal for you guys. Let us jump right in. We are here taking a look at the 4h NEOUSD Chart!

As you can see, NEO has not really fared well lately. After it's Elliott Wave Cycle 1-5, it had a 78,6 % Retracement, which is a lot. At this moment we are just above the 50 % retrace. A descending wedge has formed, which is a bullish sign. It basically means, that the bears are losing momentum.

D4 will encourage you guys to monitor the chart closely. If a candle breaks out of the wedge , with good volume , you can enter a trade. Please pay attention to the MACD . A cross is a bout to happen, and we will probably soon go into an uptrend.

The RSI is also starting to point upwards. And we have plenty of space to go to the moon.

When we are talking riskreward-ratio you can for instance set it to 10 % win and a 2 % stop loss with the EMA200 as support. Then we only have to be good here 1 out of 5 times in the long run before it's +EV trade.

Please give a LIKE and FOLLOW! I would really appreciate it <3
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Pemulihan

Still set up for the move... still watching... won't buy until I see some confirmation above trendline. What are your favorite confirmation actions for the break of a trendline? My top 3 are: Complete candle closed above line, going above then bouncing back off the trendline as support this time, penetration with heavy volume and momentum.

NEO is dumping due to these i think
1. NEO is not decentralized yet. They are still talking about it even after 6 months.
2. The code isn't designed to handle even a single, benign failure even though
3. So, the whole *purpose* of a Byzantine fault tolerant consensus algorithm is to be *tolerant* to Byzantine failures.
What do you guys think. ?